Abstract
Vancouver, British Columbia is a very attractive place to live for many reasons, but the high cost of housing in this beautiful city has become a threat to the future prosperity of the region. As housing prices continue to rise and become less attainable to low and medium income earners, innovative strategies to provide new supply of affordable housing will need to be implemented. The paper outlines a variety of housing solutions that have already had success in the Vancouver area and elsewhere. Case studies are brought together in this document to highlight the potential that combining and replicating successful housing models can have for Vancouver. Through creative solutions and strong partnerships, Vancouver can become a world leader in innovative housing provision in the face of extreme market conditions and land constraints.
Highlights
Follow this and additional works at: http://digitalcommons.ryerson.ca/dissertations Part of the Public Policy Commons, and the Urban Studies and Planning Commons
This paper outlines strategies related to financing, supply cost savings, and housing delivery, and through this some logical combinations of strategies emerge from the various case studies
Many key players in housing provision have demonstrated that they are ready to take on this challenge and help Vancouver become an international example of how to create affordable housing through innovative strategies and partnerships
Summary
Vancouver has the most unaffordable housing market in the country and is second only to Hong Kong as the most expensive housing market in the world (Demographia International Housing Affordability Survey, 2012). Cities must have a range of housing options to suit the preferences and needs of the creative class, families, senior citizens, and low-income workers All of these groups contribute to society and deserve a place to live for a modest price (Wake, 2007); they are being forced out of the city by the unattainable housing market. From this research a shortlist of projects with the most potential for replication and widespread success in the Vancouver region was created This list was organized into strategy categories (financial, supply, delivery, land distribution), and examples from each category were selected to be featured in this paper. This paper outlines strategies related to financing, supply cost savings, and housing delivery, and through this some logical combinations of strategies emerge from the various case studies
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